Asia-Pacific markets rose across the board as Wall Street came off a winning day on Monday. Hong Kong and Mainland Chinese stocks led gains in Asia, extending their Monday gains.
Hong Kong’s Hang Seng index climbed about 2% in its final hour, while on mainland China, the CSI 300 advanced 1% and ended at 3,790.11. Notably, the Shenzhen Component finished the day 2.17% up at 10,454.98, powered by tech stocks.
Japan’s Nikkei 225 climbed 0.18% after leading gains in Asia on Monday, closing at 32,226.97, while the Topix was up 0.16% to end at 2,303.41.
The country’s unemployment rate for July also came in higher than expected, at 2.7% compared with the 2.5% expected in a Reuters poll.
Australia’s S&P/ASX 200 rose 0.71% to finish at 7,210.5, while South Korea’s Kospi gained 0.34% to close at 2,552.16 and the Kosdaq finished 0.75% higher at 916.24.
Overnight in the U.S., all three major indexes gained ground, with the Dow Jones Industrial Average climbing 0.62% and the S&P 500 cup 0.63% limbed 0.63%. The Nasdaq Composite advanced 0.84%.
Monday’s rally was broad: Ten of the 11 sectors in the S&P 500 were positive. The only outlier was the utilities sector, which ticked lower by 0.04%.
— CNBC